South Asia Textiles Limited, a subsidiary of Ambeon Holdings PLC, is a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric for leading brands across the globe announced the appointment of industry veteran Ajith De Silva as Managing Director/Chief Executive Officer.
At a junction, where the global apparel and textile industry is affected by the current pandemic whilst technological advancements such as nanotechnology and smart clothing pose opportunities for the industry, this appointment is said to be strategically aligned as the company evolves to the next tier of growth, skewed to seize the opportunities available in an ever changing dynamic global business environment.
Murali Prakash, Group Managing Director/Chief Executive Officer – Ambeon Capital PLC and Ambeon Holdings PLC and Director – South Asia Textiles Limited said, “As an entity that has been in existence for over two decades, the Company is looking at new technologies and innovate new products in keeping with the paradigm shift that is taking place within the global textile industry – a move from simple appearance to fashion to lifestyle solutions, including the advent of organic and environment friendly materials.”
“Ajith brings with him a rich domain experience of transforming entities and has an exceptionally strong track record of business success in each of his previous roles. When globally businesses are challenged with dramatic shifts amidst a changing future in what’s described as the emerging next normal, his experience and business expertise is sure to be a beacon of light to the Company in its quest for supremacy in the chosen areas of business.”
With over two decades of rich industry acumen, domain experience and expertise, Ajith comes from an illustrious career background, having worked for some of the largest organizations in the apparel and textile industry known for its global competitiveness. Prior to his appointment at South Asia Textiles Limited, Ajith was the Managing Director/CEO of Kenpark and Regency Garments Bangladesh, which is a part of Hirdaramani group and one of the largest premier apparel manufacturing facilities in Bangladesh. Prior to that, Ajith was also the General Manager at Growth Lanka and the CFO of Bodyline, a part of the MAS Group.
A fellow member of the Chartered Institute of Management Accountants UK (CIMA), he has undergone Executive Education in Management and Leadership from reputed institutions such as Harvard, Wharton, INSEAD, and the University of Michigan.
South Asia Textiles, a subsidiary of Ambeon Holdings PLC, commenced its commercial operations in 2004.
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